has pulled backed from a fresh monthly trading high against the US dollar
after the pair found strong resistance from the 1.1086 level. Buyers need to move price above the 1.1160 level to force a major short-term technical breakout in the EURUSD
pair. Any near-term technical corrections in the EURUSD
pair could easily extend back towards the 1.0940 support level
pair is only bearish
while trading below the 1.1000 level, key support is found at the 1.0980 and 1.0940 levels.
pair is bullish
while trading above the 1.1000 level, key resistance is found at the 1.1186 and 1.1130 levels.